1, specific overview
Auto financing companies are non-bank financial institutions, so they are supervised and managed by China Banking Regulatory Commission and its dispatched offices. China Banking Regulatory Commission is a public institution directly under the State Council. Its main responsibility is to supervise and manage the banking and insurance industries in accordance with laws and regulations. Auto financing companies are licensed financial institutions and will provide financial services to users, so they must accept the supervision of CBRC.
Step 2 introduce
An auto financing company refers to a non-bank financial institution approved by China Banking Regulatory Commission (hereinafter referred to as China Banking Regulatory Commission) to provide financial services for auto buyers and sellers in China.
3. Development
Auto finance means that when consumers need a loan to buy a car, they can directly apply for preferential payment from auto finance companies, and they can choose different models and different payment methods according to their personal needs. Compared with banks, auto finance is a new choice for car purchase.
The nature of auto financing companies:
Industry:
Auto financing companies are closely related to the rise and fall of the auto industry, and auto financing companies have emerged and flourished in the adjustment and development of the auto industry. Correspondingly, the development of auto finance has greatly promoted the development of auto industry. In a word, auto finance has achieved the perfect connection between industrial capital and financial capital.
Finance:
Auto financing company is a special financial service institution that deals in monetary funds. Because it provides almost all financial services related to automobile consumption, involving all aspects of automobile consumption and loans, it realizes the financial function of capital accumulation and utilization.
Enterprise:
The corporate nature of auto financing companies is mainly manifested in three aspects. Auto financing companies rely heavily on auto groups and are funded by auto groups. Auto finance companies serve the automobile group, provide support for the automobile production and sales of the automobile group, and strengthen the contact between the automobile group and users.
Although the auto financing company is a wholly-owned company of the automobile group, it also has the status of an independent accounting enterprise legal person.